American Citizens May Soon Receive a $5K 'DOGE Dividend' From the U.S. Government

While this move appears to be an act of fiscal responsibility, it could also have unexpected benefits for $DOGE—given its name’s connection to a department led by Elon Musk.

The United States government may soon be cutting spending and saving trillions of dollars in the process. While this appears to be an act of fiscal responsibility, it could also have some interesting—and beneficial—unintended consequences for cryptocurrency, in particular, DOGE, given its name’s connection to a department led by Elon Musk.

In an effort to help the government save around $2 trillion, Musk’s Department of Government Efficiency (DOGE) has made sweeping changes across the US government, leading to cuts in the federal workforce, termination of federal contracts, and granting unprecedented access to Treasury data, among other things.

If the government reaches its $2T savings goal, that means every American household that pays federal income tax will receive $5K. In crypto terms, the US government would airdrop the said amount to its beloved taxpayers.

This move could also add goodwill to DOGE—the coin, not the department—which Musk has hyped on social media over the years. It sure could use a little boost, as it slipped to $0.25 in February after hitting a $0.46 high in December last year.

But if there’s a cryptocurrency that rarely needs an introduction or social media hype, that’d be Bitcoin ($BTC). It’s the biggest and most popular crypto on the planet, with a market cap of $1.94T.

$BTCBULL: You Get a $BTC Airdrop, Everybody Gets a $BTC Airdrop

Many meme coins try to associate themselves with popular coins like $BTC, $PEPE, and $DOGE. But none of these get as much attention at the moment as $BTCBULL.

The project bets on a $BTC bull run to rally people to invest in its token. Its main draw is the free $BTC airdrops $BTCBULL holders will receive when Bitcoin reaches $150K and $200K. It’s a compelling proposal, as BTC Bull Token has already raised over $2.5M since its presale began last week.

Aside from the free $BTC airdrop, the project will also airdrop its own $BTCBULL tokens when $BTC reaches the $250K mark. While it’s difficult to say when BTC Bull will reach this milestone, it’s worth mentioning that $BTC is currently trading near the $100K level at $98K.

It could be sooner, though, as Standard Chartered’s Geoffrey Kendrick said that $BTC could reach $500K by the end of Trump’s term.

Another part of the project’s roadmap is the scheduled token burns when $BTC hits $125K, $175K, and $225K. These milestones would reduce the $BTCBULL token supply, making the remaining ones more valuable. This rewards hodlers and encourages them to keep their tokens for as long as possible.

Users can also stake their coins. BTC Bull’s staking pool currently contains over 611M tokens, which would earn rewards for as long as these users lock their tokens. At the moment, the staking APY is at 172%.

Before Your Invest in Crypto

The crypto space is highly volatile, which means you could easily lose money if you aren’t careful. Because of this, we recommend that you do your own research before you invest in crypto. Never invest money you’re not ready to lose.

Also, consult with a financial advisor before you buy digital currencies or join crypto presales. The information in this article is for informational purposes only and does not constitute investment advice.